An anonymous source sent a single page to the New York Times this week, a copy of Trump’s 1995 tax return which shows that in that year, Trump claims a loss of $900 million.
Because of the way the IRS has tax laws set up, this means that Trump may have used this loss to avoid paying any taxes at all for up to 18 years. 18 years!
Not sure how he managed to do that? Check out this simple illustration from Vox.
It’s no big wonder that Trump refuses to release his tax returns with absolute bombshells lurking as far back as the 90s, but with the cat out of the bag, why wouldn’t Donald say “ok, you got me, here they are”?
Is it because this is just the beginning of the horrors lost in his financial documents? The fact that Trump has remained so tight-lipped about this leak means that there is likely much, much more damaging information hiding in his returns.
But of course, Trump bragged at last week’s debate that his success at avoiding paying taxes meant that he was smarter than your average bear.
So come on, Donald. Show us how smart you really are – release the returns, you coward.